Thursday, December 22, 2016

Indices closed down .12% to .52%.....

Indices closed down.

S&P 500 @ 2260.96, low 2256.08, high 2263.18

RSI @ 65.11

CMF @ -0.056

Internals were :

Down volume led by 1.76 to 1 in NYSE & 1.70 to 1 in Nasdaq

Declining stocks led by 1.36 to 1 in NYSE & 1.88 to 1 in Nasdaq

Net new 52 wk highs were leading by 70 in NYSE & 73 in Nasdaq

VIX UP 1.42% @ 11.42

Oil @ $52.95

Gold @ $1130.70

AH ER..CTAS Down 2.83%, SGYP UP 11.39%

AH futures Mixed

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE is marking time for holidays and low volume. Looks like after Christmas on Tuesday, we may resume some buying, although we may have low volume until after New Year. It has been a very good market for many, so a rest from Wall & Broad is overdue.Do not read too much into low volume and flat market, we are trading in a very narrow range, which may continue for two more weeks. Stay with your high comfort stocks.

BLOG does NOT give buy or sell.

Saleem

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